But that doesn’t mean critics won’t try to misrepresent the tax bill ahead of President Trump’s State of the Union Address tonight. Here’s how to set the record straight. “American Businesses Can’t Compete” Tax reform will increase after-tax incomes for businesses, allowing them to invest more in their workers. http://ow.ly/KVwc30i5sxp Cutting the corporate income tax rate […]
$353 billion: that’s the drop in revenue Congress can expect if it were to extend provisions otherwise scheduled to expire in the recently-passed Tax Cuts and Jobs Act (TCJA), according to a new analysis from the National Taxpayers Union Foundation (NTUF). In the newest edition of its paper series called “The Baseline,” which examines legislative […]
A staggering 13 billion dollars. More than the value of the entire “Star Wars” franchise.
Following a meeting between members of the Senate Finance Committee and President Donald Trump, Sen. Orrin G. Hatch told reporters he had no concerns about the differences between the House and Senate’s versions of the GOP’s tax overhaul. Watch his remarks after the meeting at the White House.
Senate Republicans are aiming to move their tax reform legislation this week as they race to get a bill on President Trump’s desk by the end of the year.
Senate Majority Leader Mitch McConnell (R-Ky.) doesn’t appear to have locked down 50 votes for his party’s tax overhaul, with at least half a dozen GOP senators showing varying levels of concern about the legislation released earlier this month.
“There are some features of the Senate bill that are stronger than the House and vice versa,” Brandon Arnold, the executive vice president at the conservative National Taxpayers Union, told InsideSources.
Americans should strongly support the tax reform bill passed by the House of Representatives (and now headed to the Senate).
Senate Finance Committee Chairman Orrin Hatch (R-Utah) released modifications to the Senate tax bill late Tuesday, including the effective elimination of ObamaCare’s individual mandate and the expiration of tax changes for individuals after 2025.
House Republicans will vote on their tax reform bill on Thursday, aiming to take the most concrete step yet toward overhauling the American tax system.